This golden principle of book selection is the corner stone of book selection edifice and has been ruling the governing policy in all types and sizes of libraries throughout the globe ever since it was formulated. collection management is not just book selection, acquisition, building the collection and even collection development. During last few decades the library situations have been affected by social, economic, cultural and academic changes, the declining financial resources, technological innovations, changing needs and requirements of the user groups and access to wider resource base.
The concept of collection management has emerged to cope with the new situations. He also discussed about the management policy, policies and techniques, financial planning, evaluation and maintenance, cooperative collection management and electronic