Scenario
Item Search to see which Item does not have a Preferred Location
Solution
1. Navigate to Reports > Saved Searches > All Saved Searches > New > Item
2. Rename Search Title
3. On the Criteria tab, Standard sub tab, set this filter:
Preferred Location is any of -None-
4. On the Results tab, users can add any field that needs to be displayed on the list.
5. Save & Run