Difference between Transfer Journal and Transfer Order?

What is the difference between a transfer journal and a transfer order?
Transfer journal – The Inventory Manager transfers the items from one dimension (warehouse, location, color, etc) to another one instantaneously.

Transfer order is used for registering in the system the items that must be moved from one warehouse to another and for managing this process.

Process Includes:
Create Transfer Order
Pick Items to Transfer->then->Picking list registration
or
Pick Items to Transfer(No Picking list registration)
Ship Transfer Order
Receive the Items at other end.