Smart IP&O is a web-based platform that offers three applications for forecasting, inventory optimization, and reporting/operational analytics. Its Smart Inventory Optimization (SIO) application produces optimal inventory policies to reduce inventory and related costs while increasing service levels, especially when demand is highly variable or intermittent. Key features include optimizing planning parameters based on total lowest cost, generating stocking policy based on service level targets, patented intermittent demand modeling, automatically simulating inventory performance, service level-driven optimization, and calculating supplier lead times. The platform automatically models inventory performance and allows for easy creation of alternative what-if scenarios. It is ideal for operations and financial management staff responsible for supply chain and operations planning and procurement.