A system and method for fast device replacement (FDR), where direct replacement of an electronic and/or control device is required with minimum downtime. The electronic or control device to be replaced includes a near field communication (NFC) reader/writer and is located at a specific physical location within the equipment. The system also includes a NFC tag placed at the same specific physical location as the electronic/control device to be replaced. The NFC tag file containing a data parameter set of the electronic/control device most recently associated with the specific physical location. The direct replacement electronic/control device also having a NFC reader/writer and an algorithm for obtaining the NFC tag data parameter set and determining whether to use the data parameter set from the most recent electronic/control device associated with the specific physical location or the local data set of the new direct replacement device.