* -ment: Creates a noun that refers to the act of replacing something. Example: replacement.
* -able: Makes an adjective meaning "capable of being replaced". Example: replaceable.
* -er: Creates a noun that refers to something or someone that replaces. Example: replacer (though this isn't a common word).
* -ing: Creates a present participle, indicating an ongoing action. Example: replacing.
The best suffix to use depends on the specific meaning you want to convey.