Microsoft Word 2013 supports this arrangement via text boxes that anchor to a specific place on the page. The document's main text then wraps around the text box according to your preferences.

How to access the text wrapping options in Word When you insert a picture into a Word document, Word positions it at the insertion point; however, you have control over the picture’s position.

To freely move a picture or image in your Microsoft Word document, you should use the Wrap Text feature. This post will show you how!