On Blogging Baby the other day, Jenifer Scharpen suggested (or rather, was suggested to by her daughter's kindergarten teacher) that all homework papers and supplies be kept in a lidded plastic bin on top of the refrigerator. That way, when it came homework time, everything would be in one place, ready to go.
Seems like a good approach, adaptable to any large-enough container and fixed location in the house. We're entering the homework years ourselves, with my son about to start first grade, and I like the idea of giving him a physical "inbox" so he can begin to organize himself.
More: Homework tips