Wood machining equipment is the foundation of the furniture and panel manufacturing industries. This paper first describes the successful management practices in the woodworking and wood-based panel machinery industries in countries such as Italy, Germany and America. Secondly, it discusses the ways for domestic manufacturers to accelerate development and increase productivity by applying numerical control technology to accomplish automatic production. Finally, it points out that obtaining financing and advanced technologies from other countries, and cooperating with research institutions, are shortcuts for rapidly raising the level of our Chinese woodworking and wood-based panel machinery manufacturing industries.