That's how it's generally done. If you can find some info on CNC moldmaking, you'll learn a lot about this kind of job. I haven't checked recently but some of the CAD and CAM companies have, in the past, had illustrated online descriptions of their pocketing, profiling, and contouring routines.
If my old articles on the subject were still online, I could point you to a couple of them. I covered the subject for _Machining_ and _Machine Shop Guide_.
That's why I don't want to do CNC at home. It's too close to what I did for work.