I usually assign "Custom Properties" to my parts so that the "description, part no., material, etc" show up on my drawings and in the on drawing Bill of Material. I just upgraded to SolidWorks 2014 and the drop down menu that list these custom properties is not there. When I click on the "Edit List" button it is also empty. Is this a bug in 2014?
Go into Tools>Option>System Options>File Locations and set the dropdown to custom property files.
In this folder should be a .txt file. The custom property dropdowns and edit list are filled from this .txt file. I am guessing that it is either missing or the setting is mapped to the wrong location.