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Products & Services Business Operations Corporate Libraries

Benchmarking Library and Knowledge Management Services in the Biopharma Industry: Resource Management

ID: 5788


Features:

4 Info Graphics

18 Data Graphics

140+ Metrics


Pages/Slides: 29


Published: 2024


Delivery Format: Online PDF Document


 

License Options:


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  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • SPECIAL OFFER
Non-members: Click here to review a complimentary excerpt from “Benchmarking Library and Knowledge Management Services in the Biopharma Industry: Resource Management”

STUDY OVERVIEW

High-functioning corporate libraries are distinguished by their constant pursuit of innovation to facilitate rapid decision-making. However, library and information center leaders often grapple with challenges in optimizing resources amidst budget constraints.

Best Practices, LLC conducted this benchmarking research to explore critical aspects of biopharma corporate libraries, including human resources involvement, financial resourcing, and the complexities associated with corporate size. The detailed findings of this study will empower library leaders to make informed comparisons regarding the cost and delivery of library services in the ever-evolving biopharma and medical device industry.

KEY TOPICS

  • Involvement levels of Human Resources
  • Financial Resourcing and Cost Recovery Strategies
  • Navigating Corporate Size and Complexities

KEY METRICS

  • Total full-time equivalent employees (FTEs) in library services for benchmark organizations; Percentage breakdown of internal/corporate staff vs. external/contractor staff in library services
  • Professional credentials of biopharma corporate library staff
  • Percentage allocation of library FTE hours across specific labor categories
  • Future training and development programs focused on skill enhancement for new staff
  • Overall cost of delivering library services and resources
  • Breakdown of library costs
  • Breakout of biopharma corporate library budget
  • Methods employed by libraries to recover costs for their services and resources
  • Implementation of chargebacks for library services or resources
  • Budget specifics for electronic content managed by the library
  • Total revenue of benchmark organizations in the most recently completed data year
  • Value of company size: Company revenue vs. Library organization cost
  • Cost analysis: Library user base penetration vs. Library organization cost
  • Impact of company size: Company revenue vs. Library budget as a percentage of organization revenue
  • Funding and access dynamics: Library user base penetration vs. Library budget as a percentage of organization revenue
  • Engagement cost: Library user base penetration vs. Number of FTEs employed
  • Library spend benchmarks: Average library spend per FTE; Average library spend per user

SAMPLE KEY FINDINGS

  • Staff Allocation: Corporate librarians play a pivotal role as a primary source for reference and research support for biopharma employees, dedicating a substantial 40% of their time to these crucial tasks.
    • About a quarter (26%) of staff hours are spent on electronic resource management.

METHODOLOGY

Best Practices, LLC engaged 21 leaders from 20 world-class pharmaceutical and life science companies through a benchmarking survey instrument. Research participants include Directors, Managers, Heads, VPs, Senior Librarians, and Analysts/Specialists.

Industries Profiled:
Pharmaceutical; Biotech; Chemical; Consulting; Health Care; Medical Device; Biopharmaceutical; Research; Communications; Non-Profit; Clinical Research; Laboratories; Diversified


Companies Profiled:
AbbVie; Amgen; Astellas; AstraZeneca; BASF Corporation; CSL Behring; Daiichi Sankyo; Grifols; Health Advances; Integra LifeSciences; Ionis Pharmaceuticals; Merck; National Institutes of Health; Novavax; Novo Nordisk; Prescott Medical Communications Group; RTI International; Sage Therapeutics; Sanofi; W.L. Gore and Associates

If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at DatabaseTeam@bestpracticesllc.com or call David Guinn at 919-767-9179 if you have any questions.