Yes, that is the correct way to do it. I got to the point that I just hang the extra patch and 3 foot cords on the side of my rack, so they are there when I need them. You can get by with Cat-5e rated patch cords. Really cheap if you get them from Monoprice.com. I would though use certain colors for certain equipment. I use White patch cords for the three U-verse set tops in my house, Red for all other computer equipment. Makes it really easy when I look at the patch panel to figure what equipment is plugged in where, without trying to look at the labels.