I haven't used the
Create Archive option, but it's right above the
Steam Workshop option....I always assumed that's what it was for.
Other than that, the only solution is manually. Personally I keep diligent backups of any mods I am working on in a separate folder. In this folder I create another folder which is basically the mod as it would go into the Skyrim folder (data > meshes, textures, > mymod > etc), every time I add a new file or script I copy it over to this location. When I've finished making the mod I simply zip up those folders and I don't need anything from my Skyrim folder except the esp.