Inventory Transfer

Click on the "Products" tab
Click on the "Product Name" link
Click on the "Stock Locations" tab
Click on the "Transfer From" link for the location from which you will be transferring inventory out
In the window that comes
Enter the "Quantity" of inventory that will be transferred
Select the "Transfer To" location to transfer the inventory to
Click the "Save" button
This will add a entry to the "Shipping & Receiving > Shipping" tab to ship the inventory out.
Select the checkbox next to the order(s) and select "Manual - Mark Orders Shipped".
Click the "Process" button to mark the entry as Shipped.
Once the shipping is completed, an entry will automatically be added to the "Shipping & Receiving > Receiving" tab to receive inventory at the location receiving the transferred inventory.
Select the checkbox next to the order(s) and select the "Mark Orders Received Button" to finalize the transfer.