Is there any command like rename option in creo...
search in command finder for RENAME AND EXPORT COMPONENT,
click the command and select object (which u want to rename the component) u will find a dialogue box Original names and new names.
just the name of component in new names Colum click apply & ok
NOTE: path TOOLS--PROGRASIVE DIE WIZARD__PROGRASIVE DIE TOOLS__RENAME AND EXPORT COMPONENT
First rename the part file in the folder. Then open the assly so that
the part name is deactivated place the mouse on the part and use
replace component option hit ok. Your part is also renamed in the assly.