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Welcome to Excel magic trick number 283. To follow along, download the workbook from the YouTube channel. In this tutorial, we need to find the vendor with the lowest bid for each product. We will use the INDEX and MATCH functions along with the MIN function to achieve this. INDEX looks up the vendor in the array, which we lock for future reference. When copying down, we need to specify the column number where the vendor is located. In this case, column 3 corresponds to vendor VC.