colocación
placement
colocar
to place
+
-ción
noun suffix (action or effect)
Colocación means placement and can be thought of as colocar0 (to place0) + -ción1 (noun suffix indicating action or effect1).
noun
- placementThe act of placing or arranging somethingLa colocación de los muebles es importante para el flujo de la habitación. // The placement of furniture is important for the flow of the room.