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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 Glossary Definition: Quality management system (QMS) A quality management system (QMS) is a formalized system that documents processes, procedures, and responsibilities for achieving quality policies and objectives. A QMS helps coordinate and direct an organizationâs activities to meet customer and regulatory requirements and improve its effectiveness and efficiency on a continuous basis.