WordNet sense 1 (a substance prepared according to a formula):

formulation

WordNet sense 2 (the state of having been made ready or prepared for use or action (especially military action)):

preparedness, readiness

WordNet sense 3 (the cognitive process of thinking about what you will do in the event of something happening):

provision, planning

WordNet sense 4 (the activity of putting or setting in order in advance of some act or purpose):

readying

WordNet sense 5 (activity leading to skilled behavior):

grooming, training

WordNet sense 6 (preparatory school work done outside school (especially at home)):

homework, prep

WordNet sense 7 (the act of preparing something (as food) by the application of heat):

cookery, cooking