11.3 Customer value measures
As stated earlier, the true value of a product or service is determined by the customer. Since value is a subjective concept, it may seem to be difficult to measure with any degree of accuracy. This is a reasonable conclusion. If we refer to the various dimensions of customer value we can see how difficult it is to measure each and every dimension of this value. It is nevertheless, possible to capture customer perception of value. The problem with these measurements, however, is that they can be perceived from two different angles - the customer perspectives or as the customer sees it, and supply chain operational metrics. Both perspectives are important, and operational metrics is a growing trend that highlights the industry wide focus on customer value and its relationship with supply chain operational performance.