SOAPAction is actually an HTTP header property. It was part of the original SOAP spec but has been deprecated. IS still provides a means of setting the SOAPAction HTTP header property from the pub.client:soapHTTP and pub.client:soapRPC services using the, you guessed it, SOAPAction input parameter.
The provider of the web service will need to tell you what specific value needs to be passed in the SOAPAction property or, if the WSDL has been constructed correctly, it can be found in the soap:Operation/soapAction attribute of the operation you are consuming.