Final answer:
The physical slot where material resides in Plant 2001 is known as the storage location. In Plant 2001, this would refer to a specific physical space where materials are stored.
Step-by-step explanation:
The physical slot where material resides in Plant 2001 is known as the storage location.
In a computer or any technology system, a storage location is a designated area where data or materials are kept.
In Plant 2001, this would refer to a specific physical space where materials are stored.