Can I use variables in execute command scripts?

Hi,

I would like to create the following script and execute it via scheduler:

After logging into a switch, the script should execute the command >show time

and then place the output (i.e. "Wed 8/19/13 14:08") from the show command into

the syslocation snmp variable >snmp-server location "xxxxxxxxx"

Can the show time output maybe placed into a variable and that variable then

used to alter the sysloc snmp variable?

Thanks,

Kay