They are currently seventh after a ghastly run of form and Moyes is expected to be busy in the market at the end of the season, shipping out the deadwood and signing players to change his fortunes around.
Nemanja Vidic has already confirmed he is off while United are targeting two central midfielders as well as additions in defence.
Having landed Juan Mata in a club record £37.1m deal in January, Woodward says more could come in the summer.
"We'll move in the market in a way we haven't seen in recent years," he said.
"It's fair to say we're focused on strengthening the squad. I'm focused on a long term strategy to make sure we build a competitive squad that is challenging for trophies.
"We'll invest in the squad as we need to, to make sure we compete at the highest level."
Regarding outgoings, he added: "We are looking at some players in the squad that perhaps we will sell this summer."
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