METHOD AND SYSTEM FOR FLEET ROUTE OPTIMIZATION

This disclosure relates generally to fleet route optimization. Conventional methods for fleet route optimization have limited capability in managing and controlling transport of material from geographically spread out suppliers to the door-step of the customer in an efficient manner in real-time. The disclosed method includes optimization at two levels. At the first level and initial optimized route is obtained for the fleet by clustering the target locations into multiple clusters and obtaining heuristic on each cluster by using a weightage matrix. The initial set of optimized routes are examined in real time, and based on said examination, the routes are optimized (second level optimization) to provide a final set of optimized routes. The disclosed method and system thus facilitate in creating routes dynamically, monitor it through the application, and dynamically change and/or alter the routes based on new order and/or execution challenges.