Standard Parts is a facility which is available with Solid Edge Classic and above.
The Standard Parts library is provided on a separate DVD from the Solid Edge product and needs to be loaded after Solid Edge.
The Standard Parts library provides nuts, bolts, screws etc to the standard and size requested - there is no family of parts functionality. This would in my opinion break the "standard" if applied to a standard part.
If you want to create your own "standard parts" using the Family of Parts functionality in Solid Edge see http://support.industrysoftware.automation.siemens.com/training/se/106/en_US/en_US/selfPacedExt/sepp...
I trust that this helps.