Article
Redesigning the Academic Library Materials Budget for the Digital Age: Applying the Power of Faceted Classification to Acquisitions Fund Management
Library Resources & Technical Services
(2019)
Abstract
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 which 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. We include specific examples of important practical
advantages that have accrued over the six years since the fully-faceted materials budget structure was
implemented.
Disciplines
Publication Date
April 24, 2019
DOI
10.5860/lrts.63n2.131
Citation Information
Maria Savova and Jason Price. "Redesigning the Academic Library Materials Budget for the Digital Age: Applying the Power of Faceted Classification to Acquisitions Fund Management" Library Resources & Technical Services Vol. 63 Iss. 2 (2019) p. 131 - 142 ISSN: 2159-9610 Available at: http://works.bepress.com/jason-s-price/19/