Abstract-Recently forming industries faces spring back drawback in forming process like cold drawing, sheet metal forming, bending etc. These forming process resulted permanent deformation by cold forming to create different shapes. Spring back defect taking place during the forming process has been emphasized. The solution to such defect problems was also given. Literature review shows that considerable amount of researches have been conducted in the field of material forming and spring-back optimization process. The present review focuses on the cold forming processes, spring back defect, factors affecting spring back, the various methods used to analyze and optimize the spring back free process. This review also opens future research work to get dimensional stability and least springback.