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The tutorial teaches how to use the replace function in Google Sheets, which allows users to replace text in part or whole with new text. It is ideal when the starting point of text replacement is known. The format of the replace function includes parameters such as text, position, length, and new text. The objective is to replace the first digit of all part numbers with five. The tutorial demonstrates how to type the header "new part number" and format it, then apply the replace formula to achieve this objective.
