Can We Afford That?: One Library’s Transition to a Data-Rich Acquisitions Environment for E-Resource Budgeting and Forecasting

Robinson, Kelly

doi:10.1080/07317131.2017.1321377

Cited by 4 publications

(4 citation statements)

References 8 publications

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“…Frequently, estimates are calculated by applying a flat percentage to resources. However, this often leaves off new categories of spending never accounted for before, such as faculty support for open access publishing (Robinson, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

Batten Down the Hatches! Collection Management in Rough Seas

Inman

Rose

2020

Serials Review

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Rising rates in publishing combined with flat funding can make it challenging to maintain the library's collection within an academic library. Add in university-wide funding reductions, and libraries must further reduce expenditures to balance the budget. This article will present a case study on the steps and initiatives deployed at the William E. Laupus Health Sciences Library to address impacts to the library's collection budget for fiscal year 2020. Issues covered will focus on the decision-making process, working with vendors, and communicating with library stakeholders.

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Section: Literature Reviewmentioning

confidence: 99%

Batten Down the Hatches! Collection Management in Rough Seas

Inman

Rose

2020

Serials Review

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“…Partially in response to these shortcomings, libraries have begun to restructure their budgets to improve accounting and reporting, to realign the budget with strategic objectives, and/or to recover from related unintended consequences of earlier restructuring. 21 These are efforts to solve the fundamental problem this paper addresses: two-dimensional library budgets have been stretched and warped beyond their capacity to the point that they can no longer support basic budget functions. No amount of adjustment of a two-(or even three-) dimensional budget structure will suffice.…”

Section: The Problem and A Solution: More Dimensions Are Neededmentioning

confidence: 99%

Redesigning the Academic Library Materials Budget for the Digital Age: Applying the Power of Faceted Classification to Acquisitions Fund Management

Savova

Price

2019

LRTS

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Most academic libraries are facing increasing funding challenges that necessitate improved budget communication and advocacy, in addition to the more traditional planning and monitoring of funds. Moreover, electronic resources continue to evolve rapidly, spawning new material types and modes of acquisition. This paper defines four key facets of a materials budget that has been optimized for the electronic resources environment and describes a process that can be used to redesign any academic library budget structure for the digital age. Specific examples of important practical advantages that have accrued over the six years since the fully-faceted materials budget structure was implemented, are included.

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“…While a flurry of assessments on "big deal" purchases were published in the early 2000s, more recent research remains limited. As Kelly Robinson notes, "This lack of research creates difficulties in determining how to best update outdated acquisitions budgets to include new models of acquisitions…there are few notable cases in which budgets are restructured to account for these changes" (Robinson, 2017). However, there are four cases, in the published literature that focused on and recognized the need to evolve their budget structure to include the vast changes looming over libraries.…”

Section: Literature Reviewmentioning

confidence: 99%

“…In 2017, Robinson examined Hunt Library in order to modify the acquisitions fund structure for improved budgeting and forecasting of e-resource purchases (Robinson, 2017). After review of the current system, the change was made to move from two fund codes (a capital fund and a database fund) to a facet-based model that created eight official fund codes.…”

Section: Literature Reviewmentioning

confidence: 99%

A review of the acquisitions budget: Examining and modifying the fund structure to advocate for open access

Garza¹

2018

Journal of Electronic Resources Librarianship

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Budget allocation decisions have become far more complex and difficult. One obvious reason is the shift from print to electronic purchases. This along with the lack of increased funding to sustain these collections has created a scenario in which all purchasing decisions need to be made with precise planning. This paper examines the fund structure review conducted at the Trinity University Coates Library, which sought to identify best practices as well as better capture how much is being spent on resources beyond print and electronic. More specifically, the review sought to include open access (oa) resources into the fund structure.

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Can We Afford That?: One Library’s Transition to a Data-Rich Acquisitions Environment for E-Resource Budgeting and Forecasting

Cited by 4 publications

References 8 publications

Batten Down the Hatches! Collection Management in Rough Seas

Batten Down the Hatches! Collection Management in Rough Seas

Redesigning the Academic Library Materials Budget for the Digital Age: Applying the Power of Faceted Classification to Acquisitions Fund Management

A review of the acquisitions budget: Examining and modifying the fund structure to advocate for open access

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