Operating a campus store can be a complex task, especially when it comes to providing textbooks and course materials. From managing adoptions to working with publishers to the logistics of inventory, back orders, and returns, it can be immensely difficult to ensure that every textbook is made available to students in multiple formats, at an affordable price. College students are some of the most price-sensitive shoppers in the world, so it comes as no surprise that textbook revenues at the campus bookstore continue to decline as students shop around. Losing students to other shopping platforms causes wasted time and resources and hurts institutional programs that depend on bookstore revenue. In addition, when students purchase outside the campus bookstore, the school loses important information on student preparedness that can be used as a data point to analyze retention and graduation rates.
Providing Affordable Options for Students
Marymount Manhattan College, a private liberal arts college in New York City, will benefit from a more transparent, convenient, and cost-effective solution to manage course materials through their partnership with Akademos.
Implementing an online bookstore is proving to be the solution for Marymount Manhattan College’s faculty and students to gain access to a vast selection of low-cost textbooks through a personalized adoption and ordering experience. For students, knowing what the buyback price is and comparing new, used, rental and marketplace availability is helpful to make more informed purchasing decisions. Leveraging financial aid vouchers encourages purchasing through the school store while removing out of pocket cost burdens. It also aids Marymount Manhattan administration by showing important sales data such as the book formats and YoY sales.
“At Marymount Manhattan College, we are committed to the success of our students, and one important way to help them succeed is by addressing textbook affordability,” said Sharon Meagher, Vice President for Academic Affairs and Dean of the Faculty, at Marymount Manhattan College. “Utilizing a centralized, online platform that expands selection and lowers costs is an innovative step forward that allows our students easy access to affordable textbooks.”
For more, check out the full press release here.