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In this video tutorial, Mark Davis from Optimum Technology Transfer introduces the replace function in Excel, a useful tool for cleaning and tidying up data. He explains that text or string functions are his favorite category in the function library and has created other YouTube videos demonstrating their use. The focus of this tutorial is on using the replace function to standardize order IDs, which consist of two numbers, four characters, and three other numbers. By replacing the differing four characters, the order IDs can be standardized.