Word 2013 provides some new layout options. When you click a graphic,image, or SmartArt, you will see an icon to the right, which is the Layout Options button. Click it to view options to format your images.
You can select from a number of options, including text wrapping option, which allow you to wrap text around the image in a variety of ways.
When you have an image with text wrapping, you can use the Live Layout feature of Word 2013. To use Live Layout:
You will notice an anchor icon as you drag the image. The anchor shows the location of the image and the text that it is with.
Another new feature of Word 2013 are alignment guides, which help you place images. To use alignment guides: