Collection Management signifies the theoretical aspects of collection building as well as the managerial aspects of the use of collection, storage, organization, circulation, information service, resource allocation, access to information and documents. The process includes several activities such as user’s needs, evaluation of current collections, determination of a selection policy, management of selected items, analysis and storage of collection items incorporate into the planning and resource sharing. This research was conducted to ascertain the nature of management of collection and how they facilitate better service to the users in selected university libraries of Odisha, which is a vital significance in making of fundamental and ideal library services to meet the challenging demands of the users in the web scenario.