GASPRO International Journal of Eminent Scholars

ABSTRACT
Information is a valuable resource to be managed like other resources. Information Resource
Management contributes directly to accomplishing organizational goals and objectives.
Proper management of resources enables effective acquisition of library resources in any
academic library. Acquisition plays a vital role in the support of the academic sector and
research by providing access tools to quality information resources in multiple formats
utilizing current technologies. Library acquisition is the process of selecting and acquiring
selected materials for library and information centers in all formats including digital items
and maintaining the necessary records related to acquisitions. In acquisition of library
materials, Shiyali Ramamrita Ranganathan father of library science coin out the Five Laws
of Library Science: books are for use, every reader his book, every book its reader, save the
time of the reader, the library is a growing organism. Acquisition is also used to refer to the
functional department (Acquisitions Department) responsible for all aspects of obtaining
materials for libraries. The acquisition department undertakes a function of selection,
ordering, evaluating and funding, acquiring books and non-book material for the library
through approved methods for the library such as purchase, gifts, exchange or any other
arrangement. Therefore, library is established to serve the information needs of students,
researchers, lecturers, and the entire educational society. This information needs is serviced
through purchase, donation/gifts, resource sharing and legal deposit of the information
resources. One of the recommendations made was that library should solicit for book
donation and fund from Non-government organizations (NGOs) and prominent individuals to
enable it provide accurate information for the community.
KEYWORDS: Information Resource Management, Acquisition, Funding, Ordering,
Evaluation and Selection