The smallest available unit of space in a warehouse is called the storage bin. It describes the position in the warehouse where the goods is or can be stored. A coordinate system is used to locate a storage bin. Storage bins are an important part of the warehouse management system , the main part of the supply chain controlling the movement and storage of goods and/or materials within a warehouse, while processing the associated transactions, including shipping, receiving, put away and picking.

The above screenshot represents bin creation. After fill all the information click Create Bins button bins are created.