Location and bin tracking only works with the Platinum subscription of Enterprise Solutions. If you are still on the annual Full Service Plan then you would need to purchase the Advanced Inventory subscription add-on.
To turn on Advanced Inventory, go to Edit > Preferences > Items & Inventory > Company Preferences and click on the Advanced Inventory Settings Button.
At this point you want to ensure the box next to Multiple Inventory sites is enabled. QuickBooks uses the term "Sites" but really it is however you track your inventory (i.e-multiple physical locations, warehouses, areas within a single warehouse, etc.). If you have inventory already in your company file you will get the pop-up box to the right. This is because Advanced Inventory must put your existing inventory into a single site, then you can move the inventory to the appropriate locations later on.
To track bin locations within Inventory Sites you check the box next to "Track Bin Locations within Inventory Sites (row, shelf or bin)." As you can see to the right all items will initially be assigned to bin named "Unassigned." Again, you can then transfer your items to the appropriate bins at a later time. One excellent feature is the ability to use the "Add/Edit Multiple List Entries" tool. This is a great way to quickly and efficiently setup your bin locations (See 2nd screen capture below). As you can see, I have added Bins 1,2 and 3 to the Orlando location. It's that easy!
In the example below you can see I am transferring 423 Cabinet Pulls from "Unassigned" to Bin 1 and 6 Wall Units to Bin 3.
Next you can see how easy it is to put the Location and Bin on the Sales Order. This will help the pick/pack/ship process.
In summary, using multi-location sites along with bin tracking is an excellent step to maintaining quality inventory management.