Model routing is treating your models like a team, not a single hire. Each step of a workflow goes to the cheapest model that is good enough for that step, rather than pointing everything at one model and hoping.
It buys you three things at once. Better quality, because the high-stakes steps get a strong model instead of a compromise. Lower cost, because the high-volume steps run on a cheap model instead of a frontier one. And resilience, because when a provider has an outage or raises its price, you reroute to a fallback instead of watching the workflow stop.