The key information of a model category structure on a poset is encoded in a transfer system, which is a combinatorial gadget, originally introduced to investigate homotopy coherence structures in equivariant homotopy theory. We describe how a transfer system associated with in a model structure on a lattice is affected by left and right Bousfield localization and provide a minimal generating system of morphisms which are responsible for the change in model structure. This leads to new concrete insights into the behavior of model categories on posets in general.