To Create and Manage Physical Locations you need to be assigned to the Application Administrator or the Records Manager role.
Locations allow you to define a hierarchical structure for the places where your physical assets are stored. This allows you to specify detailed and flexible locations for records, ensuring that you can easily locate your records.
If your organization has not subscribed to the Records365 Physical Records module, then ‘Physical’ and ‘Locations’ will not be visible in the left navigation pane. If you believe your organization has subscribed, please contact support.