Creo NC Sheetmetal > Turret Manager > Tool Setup > Using Library Parts
  
Using Library Parts
If you use a Solid Punch for a Point Punch NC sequence, specify it using a tool model with the following restrictions:
You must create the tool part as a single extruded protrusion. This should be the first feature. The section of this protrusion (2D) is copied into the manufacturing and used for tool simulation.
This section must have one coordinate system (a sketcher coordinate system, not a coordinate system feature). Use this coordinate system to place the tool at each datum point you select.