ERIC Number: EJ710862
Record Type: Journal
Publication Date: 2004
Reference Count: N/A
Research Libraries' Costs of Doing Business (and Strategies for Avoiding Them)
EDUCAUSE Review, v39 n5 p72-73 Sep-Oct 2004
With today's relatively flat budgets, research libraries are finding their buying power further diminished by the hyperinflationary costs of library materials. Yet technology innovation, coupled with organizational restructuring, is enabling libraries not only to provide more high-quality information services but also to achieve unparalleled efficiencies in the way they do business. Money from the costs avoided is being invested in new collections and services. For example, we estimate that through their close collaboration, the eleven university libraries of the University of California (UC) annually achieve a 30 percent efficiency by avoiding at least $80 million in costs on a total combined budget of approximately $240 million.
Descriptors: Library Materials, Costs, Research Libraries, Library Services, Academic Libraries, Budgets, Electronic Libraries, Efficiency
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: California