Autodesk Vault manages toolbox components as part of a library once they are inserted and used in your SolidWorks models, similar to Inventor Content Center Files.
This library of reusable components is stored and shared on the ADMS server. When you check out files, the reusable components are copied to your local folder. You need to create a location on your local folder where these toolbox files are stored while you work. This should be a subfolder of the default Vault working folder, and should ideally be named “Toolbox.” All users should follow these configuration steps so that they have a defined local storage location for reusable components, and so that these reusable components can be shared from the same location on the ADMS server.
This must be a subfolder of your Vault working folder; for example, C:\Vault_Workspace\Toolbox, where C:\Vault_Workspace\ is your working folder.