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Performance Assurance Reporting and Monitoring System (PARMS) is a database that contains information about how Suppliers and their Supplier Hubs are performing. PARMS data is used primarily to support the Performance Monitoring and Reporting technique, which is part of ELEXONâs Performance Assurance Framework.
Quality Management Systems (QMS) Definition. A QMS system is the crux of any quality and compliance process. It is a regulatory requirement that FDA / global regulatory inspectors and ISO auditors consider critical. An automated QMS system reduces audit time and findings, and a decreases risk of product recalls.