Design Library Feature to Cut-Extrude Solid Bodies

I have a feature I use often to cut a shape out of a solid body. I currently use insert> part, locate it then combine>subtract. I want to create something like a form tool that I can drag/ drop from the lib, locate it and it will make the cut. I can then pattern as needed and I would be done. The form tool works only with sheet metal. Any ideas?

Thanks, Kevin

SW 2011

SolidworksParts And Features