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What are the advantages of using the layout function in an assembly vs a normal sketch?

Question asked by Robert Pereira on Aug 26, 2016
Latest reply on Aug 26, 2016 by Mike Pogue

The function has been in SolidWorks for quite some time, and obviously there must be some advantages of using it as apposed to a normal assembly sketch otherwise SolidWorks wouldn't have gone through the trouble of creating it.

My question is what are these advantages?