ECONOMICS

Detailed explanation-1: -PDCA or the Deming cycle is a management methodology that aims to continually improve processes. This cycle is based on four stages: plan, do, check, and act. To adapt to market changes, improve efficiency, boost productivity, and meet the needs of your customers, having a method is required.

Detailed explanation-2: -The Deming Cycle consists of a logical sequence of 4 repetitive steps for continuous improvement and learning: PLAN, DO, CHECK (STUDY), and ACT. It originated in the 1920s with statistics expert Mr. Walter A. Shewhart, who introduced the concept of Plan, Do and See.

Detailed explanation-3: -The Deming Cycle consists of a logical sequence of four repetitive steps for continuous improvement and learning: PLAN, DO, CHECK (STUDY), and ACT.

Detailed explanation-4: -PDCA (plan-do-check-act, sometimes seen as plan-do-check-adjust) is a repetitive four-stage model for continuous improvement (CI) in business process management. The PDCA model is also known as the Deming circle/cycle/wheel, Shewhart cycle, control circle/cycle, or plan–do–study–act (PDSA).