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The only way that safety procedures are effective is if they are practiced every time. Unwilling workers will find any excuse they can find to avoid doing things by the book.
For places that regularly require Lockout Tag Out, having a dedicated Lockout Station eliminates the excuse that they don’t have the proper equipment. Keeping it close to where it’s most needed makes following LOTO procedures faster and easier. Emergencies are not the time to frantically search for locks.