How to show & change different states of a system for supply chain

Two ways I can think of in regards to supply chain is a drop down showing order status such as not started, processed shipped. Or a slider like mechanism showing progress towards the end similar to how shipping sites do it.

Are there any other ways to do this and any best practices to consider?

States would be not started, in the process, shipped, arrived, canceled.

The drop-down you wouldn't be able to see all of them at the same time so I think that is less desirable, however, if you need to manually change the state that may be preferred.

The current design is below. I Think it is redundant to have both but If the user can change the status I am not sure I like the slider with notches over the drop down.