Collection development, organization and management are a multifaceted and complex process particularly Scientific Serials, which involves wide range of activities. The success of it depends on various elements viz., community analysis, need establishment, policy formulation, selection, acquisition, processing, organization, preservation, conservation, evaluation, weeding, resource sharing etc,. An attempt has been made to notify the significance of collection development policy of Scientific Serials in a University setup and reviewed the existing literature, policies and procedures involved and future directions for Serials management in network environment.

Key words: Collection Development Policy, University Library, Serials Management