I have a points shapefile with a blank field. I want to populate this field with an attribute obtained from another underlying (polygon) shapefile. I can do this for a single record easily using select by location - in other words point y is located in area x, so the field updates itself with area x. The problem is that my shapefile has nearly half a million records and I need to do this often. I have no scripting experience at all.
Is there a simple batch method that will do this job?