A lubrication dispensing apparatus for lubricating a device with moving parts includes a lubricant reservoir, a lubricant dispenser for dispensing lubricant from the lubricant reservoir, an ultrasonic detection module which detects the amplitude of ultrasonic energy emitted by said device when its parts are moving and produces an signal related thereto, and a control module which analyzes the amplitude of the signal from the ultrasonic detection module and, in response to a lubricate signal, causes the lubricant dispenser to automatically dispense lubricant onto the moving parts of the device until the signal from the ultrasonic detector indicates that the ultrasonic energy produced by the device has decreased to a particular level. The control module includes a programmed processor and a storage memory. The memory stores as a base value the value of the detected amplitude of ultrasonic energy when the device is operating properly. After receiving a signal to lubricate the device, the processor causes the dispenser to start the flow of lubricant to the device, compares the signal from the ultrasonic detection module when the parts are moving to the base value, and causes the dispenser to cease the flow of lubricant when the signal substantially decreases.