Everything you need to know about creating locations in the WMS module.
In WMS, go to Administration > Warehouse > Location Management. Type in the name of the location you want to create.
Click Add Location. Either assign the location to a zone (if you are using them) or click Skip.
Your location has been created. Now, in the search field, type in the name of your new location and click Search. It will now appear.
Select the box next to your location and click Batch Print.
Select the printer and the templated format you will use to print (most common for this would be 4x6"). Click Print. This is what your label will look like:
You now have a functional warehouse location.
See related:
How do I move items from one location to another?
How do I move inventory from a virtual warehouse to a location?