Formula To Identify Lowest Supplier?

I'm trying to add a formula to a sheet comparing multiple suppliers rates for different items, in a table similar to this:

Item Supplier 1 Supplier 2 Supplier 3
Socks $3 $4 $5
Shoes $10 $16 $12
Pants $17 $11 $12
Shirts $79 $25 $20

I've added the usual max, min, average formulas to it, however what I want to do is create a column which will tell me which supplier has the lowest rate, therefore for it would show as a column showing Supplier 1 is cheapest for socks, Supplier 1 cheapest for shoes, Supplier 2 for pants and Supplier 3 for shirts.