It makes use of the dynamic fields to create a new document with different values. The MS word document can be used as a template file. Using this template you can create a new document without much effort. Click on the button and fill the necessary information. And the document will be created at the specified location. Edit the macro and modify the hardcoded values as per your needs. Change the location of the target file. The new file will be created and stored at this location
This video explains the detailed steps to create and use this template.
Part 1: how to use dynamic fields in ms word
you can download the ms word file here