Institute
of Information Technology, Inc. selected as a finalist for the 33rd
Annual International Franz Edelman Competition - Jan 2004 Waste
Management, Inc.(WM) is North America's largest waste collection
company. Two-thirds of WM revenue is from waste collection services:
operational efficiency gained by addressing the needs of the fleet
directly impacts the bottom line. Institute of Information Technology,
Inc. was contracted to deliver WasteRoute™, a comprehensive route
management application that took into account the specific routing
considerations of WM: time windows, multiple vehicle disposal trips,
and vehicles with varying capacities and service capabilities. The
benefits of the system include reduced operating costs, improved
customer service and appropriate pricing. The routing solutions of this
system were gradually deployed across the nation beginning March 2003
with a net effect of 984 fewer routes at the end of 2003 . WM
anticipates $44 million in annual savings in 2004 using WasteRoute™.
