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Transfer Order

What is a Transfer Order?

A transfer order is a document used for executing the movement of goods from one warehouse location to the other or the goods movement between a storage unit to another within the warehouse. The transfer order occurs for the purpose of warehouse management or order processing. These may include, picking of order, putaways, order updates, repacking, or inventory management.

In the financial industry, however, the transfer order is a legal note or document requesting the transfer of assets from the debtor to the creditor. The type of assets include funds, securities, other financial instruments or commodities.