Explanation:

The correct statement among the given options is option 'B': TQM is best explained with the help of the Deming triangle.

The Deming Triangle:
The Deming Triangle, also known as the Deming Cycle or PDCA (Plan-Do-Check-Act), is a systematic approach to problem-solving and continuous improvement. It was developed by Dr. W. Edwards Deming, who is considered one of the founders of the quality management movement.

Plan:
In the first phase of the Deming Triangle, organizations need to identify areas that require improvement and set specific goals and objectives. This involves understanding customer requirements, analyzing processes, and developing a plan to achieve the desired results.

Do:
The second phase involves implementing the plan and executing the necessary actions. This requires effective communication, allocation of resources, and training of employees to ensure that the plan is properly executed.

Check:
In the third phase, organizations need to monitor and evaluate the results of their actions. This involves measuring performance, analyzing data, and comparing the actual results with the planned objectives. The purpose is to identify any deviations or areas of improvement.

Act:
The final phase involves taking corrective actions based on the analysis of the previous phase. If any discrepancies or areas of improvement are identified, organizations need to implement changes and adjust their processes accordingly. This includes standardizing processes, implementing new procedures, and continuous learning.

TQM and the Deming Triangle:
Total Quality Management (TQM) is a management philosophy that focuses on continuous improvement, customer satisfaction, and employee involvement. The Deming Triangle aligns with the principles of TQM and provides a framework for organizations to achieve quality excellence.

The Deming Triangle emphasizes the importance of planning, executing, monitoring, and improving processes, which are fundamental aspects of TQM. It helps organizations to systematically identify and address quality issues, eliminate waste, and enhance customer satisfaction.

In conclusion, the statement that TQM is best explained with the help of the Deming triangle is correct. The Deming Triangle provides a systematic approach to problem-solving and continuous improvement, which aligns with the principles of TQM. It helps organizations to plan, execute, monitor, and improve their processes to achieve quality excellence.