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Default Vlookup - Variable look_up value?

Is it possible to use vlookup, or anything else, to assign a designated 4
char code for a manufacturer. That is, I have a list of all unique mfrs, I
have assigned a 4 char code to each. Now I want to go back to my item master
list and assign the 4 char code where the mfr of each item obviously equals
the mfr in my unique list. Any suggestions would be greatly appreciated.
 
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