Machining is an essential process for finishing workpieces to desired dimensions and surface finish. A lathe allows precise machining of cylindrical workpieces through various operations like turning, grooving, chamfering, parting, and facing. Key parts of a lathe include the headstock, which holds the workpiece, and the carriage, which supports the cutting tool. Common lathe accessories include centers, chucks, and rests, which provide workpiece support during machining operations.