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Forces of Change Reshaping Corporate Libraries & Information Services

CHAPEL HILL, N.C., July 25, 2014 /PRNewswire/ -- Corporate libraries are constantly being faced with a variety of challenges, including understanding new advancements in technology and how to cope with flat or shrinking budgets. On top of this, libraries in the pharmaceutical and medical device industries are increasingly finding it challenging to prove the value of the information and services they provide.

According to recent research by benchmarking firm, Best Practices, LLC there are many forces of change that leading corporate libraries are being faced with. Benchmarked companies cited flat or declining budgets, market conditions, and corporate business issues as the forces of change most likely to shape library and information center business models, services, and product offerings over the next one to three years.

The related report, "Benchmarks for Corporate Library Services in the Pharmaceutical & Medical Device Industries," will allow library and information leaders to compare the scope and delivery of library services at their companies with those at other leading organizations.

Key study topics include:

  • Use of vendors in services delivery
  • Financial resources
  • Cost recovery practices
  • Distribution of FTE hours by service category
  • Penetration of potential user base
  • Forces of change likely to impact libraries in the near future

This benchmarking research drew participation from twenty companies, twelve of which represent the pharmaceutical/ biotech industries, four representing the medical device industry, and four representing other healthcare businesses.

To access the full report, or to download a complimentary summary containing insights found in this report, click on the following link:

For more information on other recent primary research studies, contact us at 919.403.0251. For related research, visit our Best Practices, LLC website at

Best Practices, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide. Best Practices, LLC's clients include all the top 10 and 48 of the top 50 global healthcare companies. The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis. The operational insights, findings and analysis form the basis for our Benchmarking Reports, databases and advisory services to support executives in commercial and R&D operations. Best Practices, LLC believes in the profound 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.

SOURCE Best Practices, LLC
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