A system and method are provided related to replacing components of a fully assembled torque sensor system having been previously calibrated, whereby the new system with its new components, which may be installed in a larger system, can be recalibrated at the location where the component replacement or servicing occurs. Individual components are provided with individual characteristics information, either on or associated with the shipped component, so the end user may retrieve the information and enter it in the software, such as that associated with a control unit, which is used with the fully assembled torque sensor. A database storing information about each manufactured component and their respective characteristics information, and fully assembled systems and their collective characteristics information, may be maintained and accessible by end users.