Physical Location in Title Analytics
We have to have both title and item statistics for each area in our library. There is no problem creating the statistics for items using physical location; however, physical location cannot be combined when doing title statistics. This is very important for us, since the title statistics is a count for the entire collection. This means that even our reserves and "resource sharing" library gets included in the count.

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Jacqueline Carrell commented
One workaround for this is to add the 049 field into a Local Param field. This includes the OCLC holdings code, which corresponds to a physical location...at least for us. I'm not sure if that applies across the board at all libraries.
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Marilou Hinchcliff commented
We need to do title reports on multiple, but not all, locations for annual ACRL, campus, and other reports, so we too need the ability to pull location and holdings information into a title report.