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In this tutorial on the replace function in Google Sheets, you will learn how replace can replace text in part or the whole with new text. It is ideal if you know the starting point of the text replacement. The format of the replace function includes the original text, starting point, number of characters to be replaced, and the new text. The objective is to use replace to replace the first digit of part numbers with five. By typing the header "new part number" and the replace formula, you can successfully complete the task.