I've had trouble getting this to work but I do have one addition that might help people who can make this work or partially work.
I have a closet full of clear plastic shoe boxes with labels on them. Labels like First Aid, Remotes, Ribbons, Pens/Pencils, etc.
When you need to put something away, put it in the shoe box.
Often, someone will say, "Where's the lighter?" and I'll respond, "in the closet". Happens nearly daily now.
The problem I have is that sometimes I'm too tired to put my thing in the holding pen. For keys, we have a key holder. But sometimes I don't realize I have keys in my pocket until bed time and I just empty them onto my night stand. Even walking across the room feels like too much. "I'll put them away tomorrow", I think to myself.
In any case, it's a helpful set of routines, I just find I don't ALWAYS stick to it.