TE+OKU means to do something in advance so that it will be ready for some event in the future. OKU, by itself, means "to put/place."
旅行する前にホテルを予約しておきます。Before (you/we) travel, (I?) will reserve the hotel room.
パーティーのため、コーラを買っておいてください。For the party, please buy some cola.
台風や地震などがいつでも起こるので、ラジオ、電池、食べ物と水を準備しておいたらいい。Typhoons, earthquakes and the like can occur at anytime, so you should have a radio, batteries, food and water prepared.