This report, published by the Canadian Association of University Business Officers (CAUBO), is worthy of a look.
"In spite of the concerns raised the conclusions of the report may be seen as positive. While there has never been and will never be sufficient funding available to instantly eliminate the problem, strategies are indeed available to proactively manage it.
While five specific strategies are enumerated, they can be summarized in a single, overarching consideration" ... .
Too long to post the entire list here.