The procurement officer for a publicly-traded U.

After filing a 409 report with the SEC, the procurement officer's next step should be to document a corrective action plan. This plan outlines the steps that will be taken to address the missed supplier deliveries and ensure that such issues do not recur. The plan should include root cause analysis, actions to mitigate the risk of future delays, and a timeline for implementation. Reviewing legal options, changing contracts, or terminating supplier contracts may be components of the corrective action plan, but documenting the plan is the immediate next step to systematically address the issue and communicate internally and externally as required.

References:

Institute for Supply Management (ISM). (2020). ISM Glossary of Key Supply Management Terms.

Securities and Exchange Commission (SEC) Regulations.