Baker & Taylor and collectionHQ Launch ESP – Evidence-based Selection Planning

CHARLOTTE, N.C., March 25, 2014 /PRNewswire/ — Baker & Taylor, the premier
worldwide distributor of digital and print books and entertainment products,
announced today a new service backed by collectionHQ’s data: ESP –
Evidence-based Selection Planning.

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ESP brings the art of Baker & Taylor’s collection development expertise together
with the science of collectionHQ’s data analytics, to create a decision support
system integrated with Title Source 360 to equip libraries with the information
to select the right titles and quantities, for the right locations.

The concept of ESP first came about when Baker & Taylor acquired collectionHQ in
2011.

“We are excited to expand our efforts to help libraries streamline the
collection development process,” said George Coe, President and CEO of Baker &
Taylor. “collectionHQ provides libraries with evidence of collection performance
and action plans on how to improve that performance, providing a natural
platform for Baker & Taylor’s established collection development services to
offer a predictive, streamlined solution to support selection decisions at
libraries.”

ESP identifies the top forthcoming titles based upon past circulation by author,
subject and series, determines the locations where copies need to be placed to
satisfy patron demand and monitors budgets through the use of collectionHQ
spending plans.

“Bringing together, in one workflow, the art and science of library collection
development and acquisitions is the most exciting project that I have been a
part of in my 20 years in the industry,” said Scott Crawford, collectionHQ’s
Vice President and General Manager. “Our goal is to provide the public library
with the decision support system to leverage demand analytics with future supply
decisions in an efficient and performance-based workflow.”

ESP officially launched last week at a special event in the Indianapolis
Marriott Downtown, Ind., during the Public Library Association conference. The
session provided an overview of the features, benefits and workflows associated
with ESP and featured guest presentations from two libraries who took part in
the ESP pilot program – Phoenix Public Library (Ariz.) and Naperville Public
Library (Ill.).

For more information about ESP, please visit www.baker-taylor.com/esp. For a
recent example from the media of how collectionHQ’s data analytics is helping
one library system, go to
http://wishtv.com/2014/03/12/new-software-helping-indy-library-buy-smarter/.

About Baker & Taylor

Baker & Taylor, Inc. is the premier worldwide distributor of books, digital
content and entertainment products. The company offers cutting-edge digital
media services and innovative technology platforms to thousands of publishers,
libraries, schools and retailers worldwide. Baker & Taylor also offers
industry-leading customized library services and retail merchandising solutions.
Charlotte, N.C.-based Baker & Taylor is majority owned by Castle Harlan Partners
IV, L.P., an institutional private equity fund managed by Castle Harlan, Inc., a
leading private equity investment firm.

About collectionHQ

collectionHQ is the leading collection performance improvement solution, based
on the proven Evidence Based Stock Management (EBSM(TM)) methodology. Easy to
implement, simple to use and extremely cost-effective, collectionHQ delivers
repeatable performance improvements for library collections by providing
evidence-based analysis, advice and performance monitoring of all collections
across all media. It helps libraries save money by improving use of existing
inventory and making purchasing more effective by creating evidence-based
specifications, which cater to local demand. collectionHQ improves collection
performance by identifying local demand and suggesting action plans on how to
address this demand – improving the quality of service, demonstrating best value
and improving local marketing.

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SOURCE Baker & Taylor

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