Information represented, accessible, or stored in a variety of media and formats that helps learning are Learning Resource Materials. It includes books, electronic & printed journals, web resources, audio visual materials, social media, learning objects and newspapers, databases, digital and printed archives & special collections. That is, it is a collection of information stored in a way that facilitates learning. Managing these learning resources at different levels needs to consider various parameters such as proper planning, organization, technology etc. to support principles of resource based teaching and learning. These parameters are very crucial to consider in the initial decisions on learning resources management; otherwise, one cannot expect to get utilized fully these resources. But the creating such a vast learning resources needs investment. To maximize utilization of resources with minimum investment, one needs to follow thoughtful and skilled management strategy. Managing such type of resources is an ongoing process which varies from one part to another but all designated people have to play a major role in managing these resources. Whole process can be classified into four categories and they are (a) acquisition which includes budgeting, purchasing, and binding (b) organization and maintenance which includes cataloguing and processing, accessing; intellectual, physical, digital and assessing, (c) circulation that considers automation and security and (d) promotion.