What is the meaning of Bin Location in the sense Store Management? and How we define Bin Location?

A designated inventory storage location. A warehouse might be organized according to row, shelf and bin with the bin number reflecting all three.

Its a way of sorting of items in proper  storage location in a warehouse so that warehouse will become more accessible,items are easy to locate,lesser effort and time consumes and easy way to do the inventory management specially when using a bin card.  

I agree with all answers given by all colleagues.

The warehouse / bin location management extends the standard functionality of inventory management on the one hand and to the nature of the stored goods on the other hand. It can be used as a single module with SAP Business One.

Extended warehouse management

• Extended warehouse management
  • With/without consideration in (MRP)
  • User-defined warehouses / bin locations with up to3 dimensions based on vector graphics
  • Different to- and from-bin strategies
• Kind of stored goods
  • Goods with batch-, serial number or expiration date
  • Inventory with parameterized counting lists and inventory registration

Agreed with colleagues answers

Storage bins are used for organizing warehouses this by defining more exact location of goods inside it.

This method aims to emprove and facilitate the transactions, the picking process and any invetory management.

Each item location, within the warehouse, has an adress composed of a codified set of information like warehouse/zone/rack/bay/shelf/bin

As a sample C1-A11-F5 ;warehouse C1, zone A, rack1, bay1, shelf F and bin5

A bin location is the smallest addressable unit of space in a warehouse where goods are stored.

Agree with all good answers and support Mr. Habib Kooli