Reducing Expenditures and Driving Costs Out of the Corporate Library Budget.CHAPEL HILL, N.C. -- Leading corporate information centers employ aggressive cost avoidance Cost avoidance is a management accounting term referring to an expense one has avoided incurring. It is commonly used in the field of energy management to describe the energy costs you avoided due to energy management initiatives. programs that annually save them between $1.5 and $2.7 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new study by research and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a Best Practices, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . 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 This is a list of people who have practised as a librarian and are well-known, either for their contributions to the library profession or primarily in some other field. , 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 duplication /du·pli·ca·tion/ (doo-pli-ka´shun) 1. the act or process of doubling, or the state of being doubled. 2. 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 metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. 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 guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. 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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