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In this YouTube video tutorial, James from Smarter Business Processes presents the Smarter Drop Down List Manager, a part of the Smarter Controls for Smartsheet apps. This tool allows users to control the content of multiple drop-down lists in different sheets from one central point, increasing efficiency. Using a landscaping company example with four projects, James demonstrates how the tool helps manage assigned team members in different sheets, saving time and reducing manual updates. The Drop Down List Manager is designed to streamline the process of managing multiple sheets efficiently.