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Reducing Expenditures and Driving Costs Out of the Corporate Library Budget
CHAPEL HILL, N.C. --(Business Wire)-- Aug. 17, 2004 -- Leading corporate information centers employ aggressive cost avoidance programs that annually save them between $1.5 and $2.7 million, according to a new study by research and consulting firm Best Practices, LLC. Online at http://www3.best-in-class.com/rr422.htm, the study examines effective practices for the operation of corporate libraries and information centers in pharmaceutical and medical device companies.
Due to special demand from corporate librarians, From Books to Bytes: Creating Effective Corporate Libraries in the Digital Age -- a study of how leading corporate information centers operate in an effective and cost efficient manner -- has just been discounted 50 percent off the original published price. The study reveals how leading corporate information centers demonstrate value by keeping their costs below the perceived worth of the benefits they provide. For example:
-- One company helps trim corporate spending by recognizing and eliminating web page duplication among the corporation's many divisions.
-- Another firm co-locates one of the information center's employees within the finance department to spot purchase requests for resources the library already owns.
The leading practices, managerial insights and benchmark metrics in this study are drawn from interviews and surveys at 25 health-care companies. In addition to tips about reducing library costs and expenditures, this report includes guidelines for:
-- Reducing non-strategic library functions
-- Demonstrating and building awareness of library value
-- Implementing cost recovery programs
-- Outsourcing selected services
Download a summary of From Books to Bytes: Creating Effective Corporate Libraries in the Digital Age at: http://www3.best-in-class.com/rr422.htm. For more information about this report or other benchmarking reports, contact Vince Matal at (919) 767-9179 or vmatal@best-in-class.com.
ABOUT BEST PRACTICES, LLC
Best Practices, LLC is a research and consulting firm that conducts work based on the principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies. For more information about Best Practices, LLC, call (919) 403-0251, or visit the corporate website at http://www.best-in-class.com/.
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