Is it possible to take a set of parts and sub-assemblies at certain revision/versions and save them as a Baseline version of an assembly?

In other PDM systems I have used, this was possible and sometimes very useful, as a way of recording the precise status of every part and sub-assembly at the time when a given system was delivered/installed.

In a related question, is this baselining possible in Solidworks PDM Standard?

SW2014, SP5