There often is. If there is a series of selection boxes, clicking with the right mouse button should move on to the next item. You will know this option is available because the mouse icon should change to a mouse shape, with a carriage return symbol for the right button.
Are you concerned with a particular feature?
Sure, that works for some things (I might have said "a few"). However, because its not consistent or even common it does not become a part of "muscle memory."
The first place I found myself wishing for it was the pin connector tool in Simulation. You have to pick a cylindrical surface for the blue box and another for the pink box. It gets rather tedious when you have 50 some pins to create and you have to select in the window, click the pink box and select in the window again. It would be easier, especially when you've got to select smaller surfaces, to not have to move the mouse all across the screen.
I seem to remember that when they introduced the gestures, it was all about reducing mouse movement. It seems almost for naught when you still have to spend all mousing time going back and forth.
I think there are two solutions:
Let me Tab through the command steps like I would an internet form. That way, ony my eyes have to travel elsewhere on the screen. For commands used frequently, even that could be unecessary.
Make a semi-transparent overlay of the command window near where you're working, kinda like the dimension wizard that pops up. Try to make it intelligent so it stays out of the way of the users selections. If it does get in the way, assign a hotkey to make it try another location or to temporarily disappear to allow selection behind. (But first allow the user to tell the software what he's selecting.)