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Products & Services ╗ Business OperationsCorporate Libraries

Corporate Library Services in the Biopharmaceutical Industry: Resource Management

ID: 5740


Features:

4 Info Graphics

18 Data Graphics

120+ Metrics


Pages/Slides: 30


Published: 2022


Delivery Format: Online PDF Document


 

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

STUDY OVERVIEW

Corporate libraries and information centers serve as an important knowledge hub for employees within biopharma organizations. However, against a backdrop of increasing budget constraints, it has become more challenging than ever for library and information center leaders to optimize resources and maximize value.

Best Practices, LLC undertook this benchmarking research to probe winning strategies employed by biopharma corporate libraries to improve cost efficiency and customer outreach. Library and information center leaders can refer to this research to compare cost and delivery of library services at their companies with those at other organizations within the biopharmaceutical and medical device industry.

KEY TOPICS

  • Human Resources and their Involvement Level
  • Financial Resourcing and Cost Recovery
  • Corporate Size and Complexities

KEY METRICS

  • What was the total number of FTEs (full-time equivalent employees) performing library services for the organization during the data year?
  • What percentage of total FTEs performing library services are internal/corporate staff and what percentage are external/contractor staff?
  • What percentage of total library FTEs fall into each of the listed professional credential categories?
  • What percentage of total library FTE hours did each of the listed labor categories require?
  • In anticipating future needs, have corporate libraies implemented--or begun planning for-- training or education programs to develop new staff skills in any of the listed areas?
  • What was the total cost of providing library services and resources?
  • What percentage of total cost went to each of the listed categories?
  • On which of the items do corporate libraries spend more than 20% of the library budget?
  • What methods do libraries use for recovering costs for their services and resources?
  • Please indicate the percentage of funds for purchasing electronic content managed by the library that were within and outside the library’s budget
  • Please indicate the company's total revenue for the most recently completed data year
  • Average library spend per FTE; Average library spend per user

SAMPLE KEY FINDINGS

  • Staff Allocation: Corporate librarians are a source for reference and research support for biopharma employees with over one-third (36%) of their hour spent performing those tasks.
    Almost one-fifth (20%) of staff hours are spent on electronic resource management.

METHODOLOGY

Best Practices, LLC engaged 20 leaders from 18 pharmaceutical and life science companies in this research update through a benchmarking survey instrument. Research participants include Directors, Managers, Heads, VPs, Senior Librarians, and Analysts/Specialists.

Industries Profiled:
Biopharmaceutical; Biotech; Pharmaceutical; Marketing; Chemical; Medical Device; Consulting; Health Care; Consumer Products; Non-Profit; Research


Companies Profiled:
Alkermes; Amgen; ANA (Association of National Advertisers); Astellas; BASF Corporation; Baxter International; Chiesi; CSL Limited; Daiichi Sankyo; Ferring Pharmaceuticals; Health Advances; Integra LifeSciences; North Carolina Biotechnology Center (NCBiotech); Novartis; Novavax; OTSUKA; Roche; RTI International

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.