Purchasing and Inventory Manager (550 Madison)

About GHM's 550 Madison Project :

Opening in 2026, Gracious Hospitality Management’s 550 Madison project is their most ambitious to date : a multi-level, 15,000-square-foot dining destination inside the iconic landmark Sony building. The project will bring together three distinct concepts — the second New York location of the Michelin-starred COTE Korean Steakhouse, an all-day multi-bar and dining concept- Chimera, and an intimate sushi restaurant led by Michelin-starred Chef Masahiro Yoshitake- Sushi Yoshitake . Designed by Rockwell Group, with Yoshio Itai collaborating on the sushi concept, 550 Madison is set to redefine immersive, transportive dining in Midtown Manhattan.

Job Summary :

The Purchasing and Inventory Manager will oversee purchasing, inventory management, vendor relationships, budgeting and invoicing, and quality control for all inventory materials for the company.

Essential Job Duties & Responsibilities :

Job duties and responsibilities include, but are not limited to the following :

Operations :

• Oversees daily restaurant administration including assigned BOH department payroll, scheduling, opening / closing administration, daily walkthroughs, etc.
• Inspects incoming products for quality control. Receives, sorts, and breaks down all incoming purchase orders.
• Develops and maintains inventory databases and pars lists for supplies and materials used in Restaurant 365. Ensures POS systems are properly connected, recipes built, and theoretical inventory depletions are correctly occurring.
• Reviews purchase orders and contracts for compliance with company and departmental policies.
• Purchases supplies, materials, and parts for the company based on budgeting and need. Meets or exceeds company goals for food cost, supply cost, and equipment costs.
• Maintains strong vendor relationships. Communicates with suppliers to resolve problems that may arise regarding delivery, quality, price, or conditions of sale.
• Maintains knowledge of trends, prices, buyers, and delivery conditions to anticipate future material availability; directs purchasing programs accordingly.
• Ensure no members of staff are permitted to work if they are not suitably dressed or groomed.
• Manages hourly employees in their daily responsibilities at 550 Madison, providing clear, effective direction.
• Ensure a profitable operation, procurement of the best and highest quality ingredients, and develop / retain strong vendor relationships.
• Plans, executes and communicates all promotions and company information effectively and efficiently.
• Conducts Department of Health (“DOH”) walk-throughs multiple times per day when on duty to ensure DOH compliance; Address all DOH violations immediately.
• Promotes and practices safe work habits, identifies and resolves potential safety hazards; Documents accidents, conducts initial investigation and determination of root cause of safety incidents in the interest of maintaining a safe work environment.
• Assign any maintenance or repairs needed to keep the property in tip top condition within the budget.
• Responsible for training new employees as assigned

Finance :

Qualifications :

New York State’s Pay Transparency Law requires employers to include a range of pay for

all advertised job, promotion, or transfer opportunities.

New York Pay Range

$80,000 — $95,000 USD

Benefits (with variation for full-time / part-time employment) :

550 Madison fully complies with all applicable federal, state, and local anti-discrimination laws by providing equal employment opportunities to all employees and job applicants without regard to race, color, religion, sex (including pregnancy, childbirth, and related medical conditions, sexual orientation, or gender identity), national origin, age (40 or older), disability, and genetic information (including family medical history), or any other legally protected status.

Applicants requiring a reasonable accommodation to perform the essential functions of the job should contact the Human Resources department at <

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