Whether we like it or not, the world of research is fiercely competitive. For life science companies and academic institutions, success often depends on being the first one to the finish line (e.g. first to get a new drug to market; first to publish a research paper on a given topic).
But as research professionals rush to uncover data and information that will support their studies, convenience can take precedence over cost. Literature search can be draining and time-consuming, so once they've found what they need, it’s not surprising that many people will simply buy the articles—and move on with their work. But directly purchasing before reviewing other acquisition options can be a costly mistake.
With the average cost to access a journal article hovering over $30 a pop, individuals and organizations can save a lot of money over time by simply checking for lower price or free options. Before you spend another penny from your literature acquisition budget, make sure you really do need to pay for it:
But who has the time for going down this checklist?
Thanks to technology, identifying the most cost-efficient (and copyright-compliant) way to access an article doesn’t have to take up extra time. If you’re using an automated document retrieval solution, for example, advanced filters will do the legwork for you—instantly determining your lowest-cost option, checking your subscription holdings, and providing duplicate order alerts—resulting in an average 20% savings in annual acquisition costs.
Want more tips on how to save time and money on scholarly literature search and acquisition? Check out our previous post, which is the first installment of this three-part series on The ROI of Document Delivery.