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In this video tutorial, Ivan from SimpleSheets introduces a step-by-step guide to their procurement management template. The tutorial highlights that SimpleSheets offers over 100 pre-built templates, with five free templates available for trial. The introduction sheet provides a brief overview of the template, including customization difficulty, instructions for use, and details about compatible online services. The template is designed to help businesses efficiently track procurement from suppliers, catering to businesses of varying sizes with differing procurement needs. The tutorial emphasizes the importance of inputting company standards in the custom list sheet as the starting point for effective procurement management.