AutoCAD Inventor :: Set Up A Custom Part Library?

We produce a piece of equipment with numerous parts and assemblies that we would like to use as a base model. We do not or will ever use vault so I'm trying to come up with a library/content center area where I can store the parts and assemblies that then can be inserted into new assemblies which would create a completely new design based on existing parts. My problem is lack of experience in setting up a good library/ content center area, I do not know what would be an acceptable plan of attack, right now I have moved the complete assembly onto the server in its own location but this is where I get stumped.