A refrigerated appliance that dispenses items for use with a power source and includes a cooling system. Power control circuitry is electrically coupled between the power source and components (for example, a compressor and one or more circulating fans of the cooling system) of the appliance. A controller, which is operably coupled to the power control circuitry, is adapted to manage the supply of electrical power to such components by intelligently transitioning between a normal-operation mode and at least one power-conserving mode. To achieve efficient power conservation, an audio signal detector is provided that generates at least one dispensing event signal that represents the occurrence of one or more sound-based dispensing events. The controller automatically transitions between the power-conserving mode(s) and the normal-operation mode based upon at least one dispensing event data signal supplied to the controller by the audio signal detector, and possibly other data signals supplied to the controller.