Abstract
Productivity measurement and analysis are applied to understand a wide range of issues. It is essential to realise that the appropriate approach differs depending on the scope of interest. Classical per capita productivity analysis is relevant when concerned with social change or technological advancements. A focus on quantifying and standardising inputs and outputs is applicable when interested in the efficiency of production processes. Efficiency analysis based on value added and cost is appropriate when the issue is industrial competitiveness. This paper explores value efficiency in competitive manufacturing industries. The emphasis and viewpoint is industrial strategy. Classical productivity; e.g. physical volumes per capita are of minor interest. Instead, measures indicating the value creation characteristics in relation to the costs of resources consumed are analysed. The results of this comparative statistical study indicate that investments in logistical speed improve value efficiency.
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