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.
Textbook prices are on the rise and students realize that not obtaining the required course materials will affect their academic performance. There are many financial burdens students face while in college and they sometimes have to choose between purchasing textbooks or paying for food, rent, or other everyday necessities. While many colleges are working to utilize more OER (Open Educational Resources) as course material, the availability is limited for more advanced level courses. Lower cost alternatives are being provided more and more from publishers, but most of the time students don't utilize the same publishers across their various classes and students end up sharing textbooks, making copies of chapters, or just not acquiring the materials at all.
One big question can weigh on the minds of college administration and faculty at smaller institutions - how can we reduce the costs of textbooks without having the purchasing power to command lower prices? Even with the existence of online retailers who can offer significant savings, there is the additional struggle to make sure the materials students are using their hard earned money on are usable and effective.
Improved visibility, flexibility, and cost savings to benefit CSE faculty and students
With any educational institution, administration and faculty play a crucial role in ensuring students are prepared for the first day of class. The two groups must work together to build enough lead time ahead of class start dates so that faculty can then research, select, and share required and optional course material information with their students. This in turn allows students enough time to shop for the best prices - a necessary process for students to obtain affordable textbooks and be prepared to achieve success from the very start.
Akademos to manage course materials process through CSS online bookstore and benefit administration, faculty, and students
How do you compete effectively in the college textbook environment? A significant decline in bookstore sales for the past 5+ years has caused many university administrators to look at the campus bookstore model differently and re-examine its role in serving the student population. Course material needs are changing and books are being replaced with access codes, eBooks, and custom CoursePacks. Shoppers have more options, the convenience and price factors of eCommerce has helped sales grow 15% in the last year alone.
New USD online bookstore meets the convenience and affordability needs of students while retail store supports student life
Student expectations are becoming increasingly challenging for administrators. When 1 in 3 freshmen do not return for their sophomore year, there is significant pressure to find strategies to successfully retain students. From the admissions process through graduation day, many institutions are looking for unique ways to serve the changing needs of their campus communities.