AutoCAD Inventor :: Convert Assembly Into Text Document

I've tried opening an Inventor Assembly file (.iam) with Microsoft Word, Notepad, and Wordpad but there is a big problem with text conversion.  When I open them I get radical characters that makes it impossible for me to make sense out of.

My hope was to open an assembly file as a text document and modify it to get a different result when opening the model (i.e.- moving a part from one position to another in the assembly by modifying text).  Sort of like when I modify a post processor in MasterCAM to produce a different program with if/then statements or changing text.  Ultimately I want to create an assembly model that reflects our inventory as sort of a "virtual warehouse" where a quick look at the model would let you know where you have space to move and store new inventory.

I think being able to modify inventory locations by modifying text and letting the model update would be faster and easier than someone modifying the model at the end of each day with Inventor.

Is there any type of text conversion software that could take an Inventor assembly file and convert it into readable text?