Hi Mahesh...
There are a great number of parameters available but not all of them actually "do" anything. COLOR_CODE is one. Some wire manufacturers give a color code for their wires. For example, one manufacturer might have a dash number for each different wire color they offer. This information is totally optional and has no bearing on the actual color of the physical wires in Creo. It's merely provided as a convenience to help, as Gunter pointed out, for reporting in tables on a drawing.
In fact, you can create any parameter you wish in Creo Schematics and/or Creo Cabling. If you wanted one called "MANUFACTURER_NAME", you could easily add it. See pages 3-9 of the attached draft copy of the NWF format guide I was writing some time ago. I never finished it but the information on wire spools is solid. Those pages attempt to explain what all the various parameters available in wire spools do for you. Most of them are optional and don't do much but help in reporting in tables but some, like COLOR, have an impact on the physical wires.
The bulletin is available elsewhere on PTC Community. I just added it here for your convenience.
Thanks!
-Brian
