Yes, just give it a name. A name is much easier to remember than having to go back and hunt for what bit you used in some obscure B array somewhere. I usually use a tagname that matches the component tag from the drawing plus a brief description. For example, photo eye 412 detects boxes, so it is named PE412_BoxDetected.
Now someone looking at the program knows that he can find the relevant photo eye on page 4 line 12 of the electrical drawing. Likewise, if someone checks the drawing first he knows what to look for in the PLC program. If you are in the habit of tagging your devices then the instrument tech who looked at the instrument first now knows where to find it in the electrical drawing and in the program.
And the autocomplete feature helps as well. If you start typing "PE" you get a dropdown tag selection tool that lists every PE and lets you select the exact sensor you want.
It will also make trouble shooting a lot easier because when Bubba is trying to figure out why SOL_633 won't come on he knows exactly what to look for in the program, he doesn't have to go and figure out its I address and then figure out what B address is mapped with it - he can open the tag monitor pane, type SOL633 in the filter field and every tag that has SOL633 in its name will show up.
Tagnames are also self documenting. If I'm looking at a program I just uploaded without comments then tag b[17] doesn't mean a thing, I have to reverse engineer the program to figure what it means. However a tag name like ProcessAtTemperature means something and I don't have to guess at it.