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When you need to find information in a large spreadsheet, or you are always looking for the same kind of information, use the VLOOKUP function. VLOOKUP works a lot like a phone book, where you start with the piece of data you know, like someone's name, in order to find out what you don't know, like their phone number. Oct 03, 2019 · A common application of VLOOKUP for an inventory sheet entails plugging an item's name into the "lookup value" section and using the item's cost column as the "column index number" value. To keep the cell value from changing in your VLOOKUP code when you add or adjust cells in your table, put a '$' before each letter and number of each cell name. It allows us to use the value of cell D1 for creating a dynamic VLOOKUP referring to ranges on multiple sheets. Using sheet names as variables with Indirect() Now you can change cell D1 to “Product2” and the revenue numbers will dynamically update and get the numbers from the second worksheet.