1. A Consortial View of Academic Library Purchasing Kim Armstrong Assistant Director, CIC Center for Library Initiatives

2. CIC Member Institutions Headquartered in the Midwest, the Committee on Institutional Cooperation (CIC) is a consortium of the Big Ten universities plus the University of Chicago University of Chicago University of Illinois Indiana University University of Iowa University of Michigan Michigan State University University of Minnesota Northwestern University Ohio State University Pennsylvania State University Purdue University University of Wisconsin-Madison

3. Funding Trends Majority of libraries had either flat budgets or experienced reductions Fewer exemptions for collections For collection budgets of $15-$20 million, that constitutes a loss of $350-$450,000 Stimulus money helped, over by FY12 Many publishers worked outside contracts to hold pricing to no increase

4. Coping Reductions in print – journals and monographs One time spending reduced (e.g. backfiles) with dollars carried forward Cut databases and reviewed lists of journals – cost per use is quite prevalent Low use material questioned e.g. foreign language and monographs

5. Acquisition Strategy Patron driven selection still too expensive for CIC schools Digitization partnerships yielding content (CIC Google contract) Large scale investment in cooperative purchases Interest in new pricing models, more tied to quality and usage

6. E-Books CIC has made a big investment in e-books Springer, Elsevier, Wiley, others Purchase model Multi-year agreements for everything purchased Cost at a fraction of print list price

7. Impact- Oxford Scholarship Online Electronic version 2,765 titles currently purchased 20,000 uses per year 17 uses per title on average per year Print collection of same titles 2,381 titles in collection .43 average circulations per title per year – 10 titles more than 50 3.81 circulations over lifetime in collection Average title used 34 times more frequently online than circulated to a patron Source - The University of Chicago Library

8. Impact – Springer E-books

9. Going Forward Consortia Higher investment in central purchases Rational plan to migrate from print Publishers More content as inducement to keep existing level of spend Provide records, replace legacy print, develop archiving relationships, other services