You have the ability to add a new assembly from the Product Catalog page. Navigate to Products, choose Pricebook and select Products Catalog.
Next Search for your items.
Click on the parent item
The Product Editing window will open
Click the Information button at the top of the page and select the UPC Assembly link
The Assembly Listing page will open, click the New button
The Editing window will open. Enter the Child item, Quantity and Cost Ratio (shippers only). Click OK to save