We've always used it for both. Each of the dogs has "their" bed and the beds are always available for them to use.
Once in a while, someone will poach a different bed for a nap, but on the place command, they go to "their" bed.
When we get a new foster and start working on "place" it sometimes looks like a 5 person game of musical chairs.
He is your friend, your partner, your defender, your dog. You are his life, his love, his leader. He will be yours faithful and true~ to the last beat of his heart. You owe it to him to be worthy of such devotion. ~unknown